Company Valuation: Atresmedia

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 751.2 718.8 809.3 984 1,099 1,205 - -
Change - -4.32% 12.59% 21.59% 11.67% 9.63% - -
Enterprise Value (EV) 1 757.5 756.1 787 844.2 1,031 1,229 1,205 1,218
Change - -0.19% 4.08% 7.27% 22.1% 19.21% -1.94% 1.11%
P/E 6.29x 6.38x 4.73x 8.2x 17.4x 12x 11.2x 11x
PBR 1.37x 1.21x 1.06x 1.19x 1.5x 1.51x 1.55x 1.47x
PEG - -1.13x 0.1x -0.3x -0.4x 0.2x 1.62x 5.29x
Capitalization / Revenue 0.78x 0.76x 0.83x 0.97x 1.1x 1.13x 1.08x 1.06x
EV / Revenue 0.79x 0.8x 0.81x 0.83x 1.03x 1.16x 1.08x 1.08x
EV / EBITDA 4.39x 4.38x 4.57x 4.75x 11.8x 7.78x 7.12x 7.13x
EV / EBIT 4.9x 4.86x 5.07x 5.27x 14.7x 8.85x 8.12x 8.2x
EV / FCF 4.3x 9.11x 6.31x 4.79x 11.3x 11.6x 11.6x 11.5x
FCF Yield 23.3% 11% 15.8% 20.9% 8.88% 8.63% 8.61% 8.69%
Dividend per Share 2 0.42 0.42 0.42 0.45 0.39 0.39 0.3958 0.3939
Rate of return 12.6% 13.2% 11.7% 10.3% 7.99% 7.29% 7.4% 7.36%
EPS 2 0.53 0.5 0.76 0.5329 0.28 0.4469 0.4778 0.4877
Distribution rate 79.2% 84% 55.3% 84.4% 139% 87.3% 82.9% 80.8%
Net sales 1 963.3 950.8 971.4 1,018 1,002 1,062 1,117 1,133
EBITDA 1 172.5 172.8 172.1 177.6 87.7 158 169.3 170.9
EBIT 1 154.6 155.5 155.3 160.2 70.13 138.8 148.3 148.6
Net income 1 118.5 112.9 171.2 120.3 62.11 103 111 109.7
Net Debt 1 6.329 37.32 -22.34 -139.9 -68.19 24 0.16 13.51
Reference price 2 3.336 3.192 3.594 4.370 4.880 5.350 5.350 5.350
Nbr of stocks (in thousands) 225,178 225,178 225,178 225,178 225,178 225,178 - -
Announcement Date 2/24/22 2/23/23 2/29/24 2/27/25 2/25/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-24.78x2.67x11.51x-.--% 69.8B
10.89x1.5x6.45x0.9% 25.7B
15.75x0.77x6.16x7.43% 5.45B
8.42x1.05x3.35x3.56% 4.9B
4.9x1.98x5.54x4.73% 4.82B
13.31x1.09x8.05x1.52% 4.68B
13.46x0.78x9.15x3.12% 2B
10.79x1.95x3.78x3.2% 1.86B
12.81x1.01x4.83x10.2% 1.65B
Average 7.28x 1.42x 6.53x 3.85% 13.43B
Weighted average by Cap. -9.67x 2.12x 9.24x 1.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

-40%: Exceptional extension
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